Abdul Hamid Fawaz and Amin Allie Skaikay acquired Tropical Farms Ltd. and Tropical Farms Plantations (SL) Limited from Agriterra Limited (AIM:AGTA) for $0.5 million on June 2, 2017. As of 2016, Tropical Farms Ltd. and Tropical Farms Plantations (SL) Limited had a book value of $0.25 million. The proceeds of the Disposal will be applied towards Agriterra's general working capital requirements. David Foreman and Michael Reynolds of Cantor Fitzgerald acted as the financial advisors and brokers for Agriterra Limited. Agriterra Limited (AIM:AGTA) completed the sale of Tropical Farms Ltd. and Tropical Farms Plantations (SL) Limited on June 2, 2017.